+
Odisha Amends Policies to Boost Semiconductor and Renewable Energy
POWER & RENEWABLE ENERGY

Odisha Amends Policies to Boost Semiconductor and Renewable Energy

The Odisha government amended key policies to boost the semiconductor and renewable energy sectors and approved funding for irrigation and welfare schemes. The cabinet of Chief Minister Mohan Charan Majhi approved 10 proposals including changes to the Odisha Semiconductor Manufacturing and Fabless Policy and the Odisha Renewable Energy Policy, 2022.

The semiconductor policy, notified in September 2023 and amended in March 2024 and July 2025, had attracted investment in compound semiconductor units, the chief secretary Anu Garg said. The third amendment will support semiconductor equipment manufacturing, research and development, production of semiconductor-grade chemicals, gases and materials and supply chain components, and the state will provide additional fiscal support of 25 per cent of eligible capital expenditure for projects approved by the India Semiconductor Mission.

The renewable energy amendment is intended to accelerate deployment, enhance investor confidence and ensure affordable green power for consumers. The state will extend an electricity duty exemption of 50 paise per unit to eligible net metering consumers for 10 years from a project's commissioning date and will provide a 20 paise per unit state transmission utility charge exemption for standalone battery energy storage systems.

The cabinet approved the Parbati Giri Megalift Irrigation Project with an outlay of Rs 124,580 million (mn) from the state's own resources over five years, from 2026-27 to 2030-31, to create an additional irrigation potential of 262,275 hectares through 161 projects across the state. It also approved improvement of tanks and minor irrigation projects phase three with an outlay of Rs 3,890 million (mn) to revive irrigation over 15,700 hectares, and extended the Malati Devi Prak Vidyalaya Paridhan Yojana for five years with a budget of Rs 5,865 million (mn) to provide free uniforms and shoes to pre-school children in Anganwadi centres. The Jashoda scheme and its sub-scheme Ashribad were extended for another five years with an outlay of Rs 2,969.9 million (mn), and the cabinet approved implementation of the Odisha State Workflow Automation System 3.0 with a cost of Rs 1,226 million (mn) for paperless office operations.

The Odisha government amended key policies to boost the semiconductor and renewable energy sectors and approved funding for irrigation and welfare schemes. The cabinet of Chief Minister Mohan Charan Majhi approved 10 proposals including changes to the Odisha Semiconductor Manufacturing and Fabless Policy and the Odisha Renewable Energy Policy, 2022. The semiconductor policy, notified in September 2023 and amended in March 2024 and July 2025, had attracted investment in compound semiconductor units, the chief secretary Anu Garg said. The third amendment will support semiconductor equipment manufacturing, research and development, production of semiconductor-grade chemicals, gases and materials and supply chain components, and the state will provide additional fiscal support of 25 per cent of eligible capital expenditure for projects approved by the India Semiconductor Mission. The renewable energy amendment is intended to accelerate deployment, enhance investor confidence and ensure affordable green power for consumers. The state will extend an electricity duty exemption of 50 paise per unit to eligible net metering consumers for 10 years from a project's commissioning date and will provide a 20 paise per unit state transmission utility charge exemption for standalone battery energy storage systems. The cabinet approved the Parbati Giri Megalift Irrigation Project with an outlay of Rs 124,580 million (mn) from the state's own resources over five years, from 2026-27 to 2030-31, to create an additional irrigation potential of 262,275 hectares through 161 projects across the state. It also approved improvement of tanks and minor irrigation projects phase three with an outlay of Rs 3,890 million (mn) to revive irrigation over 15,700 hectares, and extended the Malati Devi Prak Vidyalaya Paridhan Yojana for five years with a budget of Rs 5,865 million (mn) to provide free uniforms and shoes to pre-school children in Anganwadi centres. The Jashoda scheme and its sub-scheme Ashribad were extended for another five years with an outlay of Rs 2,969.9 million (mn), and the cabinet approved implementation of the Odisha State Workflow Automation System 3.0 with a cost of Rs 1,226 million (mn) for paperless office operations.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code